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Targa Resources Corp. (TRGP)

Stock Price: $38.23 USD 1.07 (2.88%)
Updated May 7, 2021 4:00 PM EDT - Market closed
Market Cap 8.77B
Revenue (ttm) 9.84B
Net Income (ttm) 209.60M
Shares Out 228.50M
EPS (ttm) -7.26
PE Ratio n/a
Forward PE 29.15
Dividend $0.40
Dividend Yield 1.05%
Trading Day May 7
Last Price $38.23
Previous Close $37.16
Change ($) 1.07
Change (%) 2.88%
Day's Open 37.17
Day's Range 36.83 - 38.45
Day's Volume 2,115,819
52-Week Range 12.86 - 38.45

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HOUSTON, May 06, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported first quarter 2021 results.

2 days ago - GlobeNewsWire

Despite an already massive run off the lows of last year, oil looks to be heading higher.

Other stocks mentioned: DVN, MPC, SU
1 week ago - 24/7 Wall Street

HOUSTON, April 15, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferr...

3 weeks ago - GlobeNewsWire

HOUSTON, March 24, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at t...

1 month ago - GlobeNewsWire

Targa Resources, Inc. (TRGP) reported earnings 30 days ago. What's next for the stock?

1 month ago - Zacks Investment Research

HOUSTON, March 02, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) today announced it has completed the 2020 tax packages for the holders of Targa ...

2 months ago - GlobeNewsWire

HOUSTON, March 01, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at t...

2 months ago - GlobeNewsWire

Targa Resources' (TRGP) fourth-quarter 2020 distributable cash flow (DCF) of $293.9 million is 10.3% less than $327.8 million in the year-ago period.

2 months ago - Zacks Investment Research

HOUSTON, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRC" or the "Company") and Targa Resources Partners LP ("Targa Resources Partners" or the "Partnership") have filed their r...

2 months ago - GlobeNewsWire

Shares of Targa Resources (NYSE:TRGP) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share were up 236.36% year over year to $0.15, which missed the estimate o...

2 months ago - Benzinga

HOUSTON, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported fourth quarter and full year 2020 results.

2 months ago - GlobeNewsWire

Targa Resources (TRGP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 months ago - Zacks Investment Research

HOUSTON, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced that it continues to expect to report its fourth quarter 2020 financial results before ...

2 months ago - GlobeNewsWire

Energy stocks like Ovintiv (OVV), PDC Energy (PDCE),, Pioneer Natural Resources (PXD), Diamondback Energy (FANG) and Targa Resources (TRGP) have the potential to deliver better-than-expected Q4 earnings.

Other stocks mentioned: FANG, OVV, PDCE, PXD
2 months ago - Zacks Investment Research

When a broker upgrades a stock, you can rely on their judgment. Hence, we select Pilgrim's Pride (PPC), Century Communities (CCS), Synaptics (SYNA), Targa Resources (TRGP) and Artisan Partners (APAM) as...

Other stocks mentioned: APAM, CCS, PPC, SYNA
2 months ago - Zacks Investment Research

HOUSTON, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE:TRGP) announced today that its previ...

3 months ago - GlobeNewsWire

Targa's price nearly doubled since the end of October. But that appreciation is far from done.

3 months ago - Seeking Alpha

HOUSTON, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at th...

3 months ago - GlobeNewsWire

HOUSTON, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferre...

3 months ago - GlobeNewsWire

HOUSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE: TRGP), and the Partnership's subsidiary Targa Resources Partners ...

3 months ago - GlobeNewsWire

HOUSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE: TRGP), and the Partnership's subsidiary Targa Resources Partners ...

3 months ago - GlobeNewsWire

HOUSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE:TRGP) announced today that it has co...

3 months ago - GlobeNewsWire

HOUSTON, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at th...

3 months ago - GlobeNewsWire

Targa Resources massively reduced their dividends in early 2020 in order to focus on deleveraging but has since talked up share buybacks. Management is still speaking of focusing on deleveraging but thi...

3 months ago - Seeking Alpha

HOUSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that Paul W. Chung retired from the management team and was appointed Chairman of...

4 months ago - GlobeNewsWire

Investors need to pay close attention to Targa Resources (TRGP) stock based on the movements in the options market lately.

4 months ago - Zacks Investment Research

HOUSTON, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at th...

5 months ago - GlobeNewsWire

Targa Resources' (TRGP) third-quarter 2020 distributable cash flow (DCF) of $294.7 million is 28.2% more than $229.9 million in the year-ago period.

5 months ago - Zacks Investment Research

Another vaccine update, another rally for energy stocks and midstream stocks. Midstream was green all week until taking a breather Friday.

Other stocks mentioned: ALTM, AM, ENLC, EPD, ET, ETRN, EVA ...
5 months ago - Seeking Alpha

HOUSTON, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE: TRGP) (the “Company”), today announced that it intends to redeem ...

5 months ago - GlobeNewsWire

HOUSTON, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE: NGLS PR A) announced its monthly distribution on the Partnership's 9.00% S...

5 months ago - GlobeNewsWire

HOUSTON, Nov. 13, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings via v...

5 months ago - GlobeNewsWire

Targa Resources Corp (TRGP) CEO Matt Meloy on Q3 2020 Results - Earnings Call Transcript

6 months ago - Seeking Alpha

HOUSTON, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported third quarter 2020 results.

6 months ago - GlobeNewsWire

Targa has significant exposure to a natural gas which is a fast-growing business. Targa has a great location which ensures a relatively strong recovery as well as future growth prospects.

6 months ago - Seeking Alpha

Targa Resources: Focusing On Deleveraging Didn't Last Long

6 months ago - Seeking Alpha

Midstream and MLPs looked to be coasting to a third straight week of solid gains, but a sharp selloff across energy stocks Friday erased the gains for the week.

Other stocks mentioned: AM, ATGFF, DCP, ENB, ENLC, ET, ETRN ...
6 months ago - Seeking Alpha

HOUSTON, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferre...

6 months ago - GlobeNewsWire

The management team at Targa Resources recently announced its plan to buy back $500 million worth of stock.

6 months ago - Seeking Alpha

Per the new share buyback program, Targa (TRGP) is authorized to repurchase up to $500 million worth of its shares, which is already on track.

7 months ago - Zacks Investment Research

Targa Resources authorizes share repurchases, sparking confidence into a period of uncertainty.

7 months ago - Seeking Alpha

With market conditions improving, it's using its free cash flow to gobble up its beaten-down stock.

7 months ago - The Motley Fool

Shares of energy midstream company Targa Resources Corp. (NYSE: TRGP) jumped by more than 6% in Monday’s premarket session following the company’s announcement of a $500 million share buyback program th...

7 months ago - 24/7 Wall Street

HOUSTON, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that the board of directors of the Company has authorized a share repurchase prog...

7 months ago - GlobeNewsWire

Midstream had its worst week since June in what has been a brutal September so far.

Other stocks mentioned: CQP, DKL, EVA, GLP, IPPLF, KMI, LNG ...
7 months ago - Seeking Alpha

HOUSTON, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2019 is now available on the Company’s webs...

7 months ago - GlobeNewsWire

Targa Resources, Inc. (TRGP) reported earnings 30 days ago.

8 months ago - Zacks Investment Research

Guidance from experts is highly desirable. You can follow rating upgrades by brokers as they have a deeper understanding of what's happening in a particular company.

Other stocks mentioned: CROX, CXO
8 months ago - Zacks Investment Research

Targa Resources (TRGP) reiterates its growth capital spending guidance of $700-$800 million for 2020.

8 months ago - Zacks Investment Research

HOUSTON, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE:TRGP) announced today that its pre...

8 months ago - GlobeNewsWire

About TRGP

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering,... [Read more...]

Industry
Oil & Gas Midstream
IPO Date
Dec 7, 2010
CEO
Joe Perkins
Employees
2,372
Stock Exchange
NYSE
Ticker Symbol
TRGP
Full Company Profile

Financial Performance

In 2020, TRGP's revenue was $8.26 billion, a decrease of -4.74% compared to the previous year's $8.67 billion. Losses were -$1.55 billion, 642.8% more than in 2019.

Financial Statements

Analyst Forecasts

According to 21 analysts, the average rating for TRGP stock is "Buy." The 12-month stock price forecast is 39.75, which is an increase of 3.98% from the latest price.

Price Target
$39.75
(3.98% upside)
Analyst Consensus: Buy